Main Street Capital Co. (NYSE:MAIN) Plans Monthly Dividend of $0.25

Main Street Capital Co. (NYSE:MAIN) declared a monthly dividend on Wednesday, February 26th, Wall Street Journal reports. Stockholders of record on Friday, June 6th will be given a dividend of 0.25 per share by the financial services provider on Friday, June 13th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date of this dividend is Friday, June 6th.

Main Street Capital has raised its dividend by an average of 8.6% per year over the last three years. Main Street Capital has a dividend payout ratio of 77.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Main Street Capital to earn $4.06 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 73.9%.

Main Street Capital Stock Performance

NYSE:MAIN traded down $0.44 during mid-day trading on Wednesday, hitting $59.62. 343,351 shares of the company’s stock traded hands, compared to its average volume of 511,400. Main Street Capital has a 12 month low of $45.00 and a 12 month high of $63.31. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 10.81 and a beta of 1.28. The firm has a 50 day moving average of $59.76 and a two-hundred day moving average of $54.38. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13.

Wall Street Analysts Forecast Growth

Separately, B. Riley lifted their price target on shares of Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $48.80.

About Main Street Capital

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.